Ahead of US-Iran ceasefire negotiations, BTCUSD trades higher for the second day in a row. It reached an intraday high of $76926 and is currently trading at roughly $76504.
|
Technicals |
CMP -$76504 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$74576 |
CMP> 55 EMA |
Bullish |
|
200- EMA |
$71896 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$72350 |
CMP< 365 EMA |
Bullish |
Major support- $73290/$70000/$67000/$64000/$60000/$52500/$50000. Minor bullishness only above $78500. Any break above targets $80000/$85890/$90000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
72.35 |
|
ADX |
Neutral |
|
It is good to buy on dips around $74000 with SL around $70000 for a TP of $85880.
